Yesterday some Citigroup analyst, referring to “some market rumors”, sent someone an e-mail saying that on April 24th Greece is going to announce a default and the necessity to restructure its debt.
Somehow the message has been made public and consequently shocked the Greek bond market, causing a share increase in the bond yield.
The shocked Greek authorities instantly disproved the rumors, calling them ridiculous and initiated a full-fledged investigation. Moreover, Greece asked the UK authorities to help them reveal the facts of the case.
In its turn Citigroup rejected any complicity in spreading rumors, saying that they cooperate with the authorities and do not think that any employee could violate the law.
FOREX NEWS.
Probably these rumors were among the reasons why EURUSD made a downward pullback.
According to the Sub-department of Anticipatory Forecasting under the Department of studying Masterforex-V trading system , EURUSD has just formed a upward new wave A of H1, stopping around the RP (reversal point) workout.
The price has already started forming wave B of H1, which may take the form of the ABC pattern on smaller-scale timeframes. At the moment within the supposed ABC pattern we have a newly-formed wave “a” while wave “b” is in the process of formation.
Consequently today’s intraday movement will probably develop as shown in the picture above.
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